Chart of the Week: Spot (linehaul) to contract rate spread with spot fuel base at $1.20 – USA SONAR: RATES12.USA
The gap between dry van truckload contract and spot rates (excluding estimated fuel costs comparable to a standard fuel surcharge) has been steadily shrinking the past two and a half years. This near-linear trend is primarily driven by a continuous reduction in capacity paired with slow, yet remarkably consistent, demand growth — so subtle that it has been barely perceptible to market...
https://www.freightwaves.com/news/slow-market-tightening-apparent-in-spot-to-contract-spread